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Company executives are facing an increased risk of liability claims as regulators and shareholders show a greater willingness to hold individuals to account for poor performance and bad governance, according to a report by insurer Allianz Global Corporate & Specialty (AGCS).

Added to that, companies—and their directors—are even more exposed to potential legal, regulatory and compliance risks due to the actions of third-parties and intermediaries, particularly through bribery and corruption legislation, as well as through legislation such as the U.K.’s Modern Slavery Act, which specifically makes companies—and boards—liable for monitoring the actions of their suppliers.